The Future of Textile Companies Hangs in the Balance

Maseru  The Lesotho textile industry, once buoyed by the African Growth and Opportunity Act (AGOA) introduced around 25 years ago, now finds itself at a critical juncture. AGOA allowed Lesotho and several other nations to export textile goods to the US market without the burden of tariffs, serving as a lifeline for the industry and a vital pillar of the country’s economy. However, a shadow has been cast over this once-thriving sector with the recent announcement of a staggering 15…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...